By Emmanuel Nduka
Savitri Jindal, the matriarch of the Jindal industrial empire, saw her wealth soar by $846 million on Monday, thanks to a surge in Jindal Steel & Power Ltd. (JSPL) shares.
Her net worth now stands at $37.1 billion, placing her 40th on the Bloomberg Billionaires Index.
At 74, Jindal remains the symbolic head of the Jindal Group—a vast conglomerate with interests in steel, power, cement, ports, and infrastructure. The group was originally founded by her late husband, Om Prakash Jindal, who died in a helicopter crash in 2005. Since then, the empire has been divided among their four sons.
Monday’s jump in Savitri’s fortune was driven by a 2.47% increase in JSPL stock, which closed at ₹903.50. The company, led by her son Naveen Jindal, is India’s third-largest private steel producer and the only private manufacturer of railway tracks.
JSPL reported revenue of ₹501.8 billion (about $6.3 billion) in 2024 and employs nearly 6,000 people. Naveen’s recent switch from the Indian National Congress to the ruling Bharatiya Janata Party in March has also sparked speculation about political advantages that could benefit JSPL, especially amid government-led infrastructure plans.
Meanwhile, her son Sajjan Jindal runs the Mumbai-based JSW Group, overseeing operations like JSW Steel, JSW Cement, and JSW Paints. He successfully led the IPO of JSW Infrastructure in 2023 and recently partnered with MG Motor to develop electric vehicles.
Though Savitri no longer plays an active role in management, her wealth remains deeply tied to the success of the companies her family controls. Monday’s rally is just the latest testament to the enduring strength of the Jindal legacy.
